In recommendations to German Chancellor Angela Merkel at the end of July, the German Council of Economic Experts outlined
how a weak member country could leave the Eurozone and called for strengthening the European monetary union.
One of the promises made by the leaders of the world's seven richest nations when they met at Schloss Elmau in Germany earlier this week was an energy transition over the next decades, aiming to gradually phase out fossil fuel emissions this century to avoid the worst of climate change.
With little fanfare, the German IFO Institute for Economic Research recently published a report on population projections for Germany which states simply that the country’s population is shrinking fast.
The euphoria that spread though the world after the Iran nuclear agreement reached in Lausanne in April this year with the United States, Russia, China, France, United Kingdom and Germany, plus the European Union, is proving short-lived.
G7-based companies and investors cheated Africa out of an estimated six billion dollars in a year through just one form of tax dodging, according to a new Oxfam report ‘Money talks: Africa at the G7’
, released Jun. 2.
The University of Edinburgh has taken the decision to not divest from fossil fuels, bowing to the short-term economic interests of departments funded by the fossil fuel industry, with little to no acknowledgement of the long-term repercussions of these investments.
Events are being organised around the world to celebrate the 70th
anniversary of the founding of the United Nations, but a recent seminar held in the Austrian capital was not held to applaud the body’s past contributions.
While many countries appear to have met the U.N. Millennium Development Goal (MDG) of halving the proportion of people without sustainable access to safe drinking water, rights activists say that African countries which have taken to installing prepaid water meters have rendered a blow to many poor people, making it hard for them to access water.
The ‘West’ is a concept that flourished during the Cold War. Then it was West against East in the form of the Soviet empire. The East was evil against which all democratic countries – read West – were called on to fight.
This month’s World Economic Outlook released
by the International Monetary Fund (IMF) only confirms that consequences of the collapse of the financial system, which started six years ago, are serious. And they are accentuated by the aging of the population, not only in Europe but also in Asia, the slowing of productivity and weak private investment.
From the end of April, the Nuclear Non-Proliferation Treaty (NPT) Review Conference will be held in New York. In this year that marks the seventieth anniversary of the atomic bombings of Hiroshima and Nagasaki, I add my voice to those urging substantial commitments and real progress toward the realisation of a world without nuclear weapons.
After several tension-filled months, a majority of Nigerians swept in an opposition leader and former military man, Muhammadu Buhari, to succeed incumbent President Goodluck Jonathan, whose failure to contain a terrorist wave in the northern states doomed his re-election chances.
Driven by solar and wind, world investments in renewable energy reversed a two-year dip last year, brushing aside the challenge from sharply lower oil prices and registering a 17 percent leap over the previous year to stand at 270 billion dollars.
The United Kingdom has been accused
of “sleepwalking” into the Ukraine crisis – and the accusation comes from no less than the House of Lords, not usually considered a place of critical analysis.
For a long time, citizens of the United States have firmly believed that their country has an exceptional destiny, and continue to do so today even though their political system has become totally dysfunctional.